$460,000
SOLD DEC 19, 2017
-- Bed
-- Bath
2,234 Sq Ft
6,750 Sq Ft Lot

Recently Sold

$206 Per Sq Ft

7% Below List Price

32 Days on Market

Highlights

  • Wood Flooring
  • Fenced
  • 5-minute walk to Bryant Park
  • Central Air

About This Home

As of May 2021

214 S Palmway is an impeccably renovated 4 unit multifamily property in East Lake Worth. Just a few blocks to the shops and restaurants of Lake Ave, the intracoastal, and just a bike ride away from the beautiful beaches. Lush landscaping surrounds the property creating a tropical and serene setting. There are (2) 1 bedroom, 1 bathroom units over 600 sqft, and (2) studios at 500 sqft. With a full renovation recently completed, no detail has been left unattended to with beautiful finishes throughout the interior and exterior of the property .

Last Agent to Sell the Property

Alexis Shapiro

MRG Associates LLC License #3346131 Listed on: 10/17/2017

MRG Associates LLC

Last Buyer's Agent

Maribel De La Rocha

LAER Realty Partners Bowen/Wellington License #624857

LAER Realty Partners Bowen/Wellington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,803

Year Built

  • Built in 1950

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced

Interior Spaces

  • 2,234 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Terrazzo
  • Ceramic Tile

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 38434421150990050

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of In Pb Subdivision

Building Details

  • Operating Expense $16,312
  • Net Operating Income $35,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,803

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: On S Palmway 2 block south of lake avenue on east side of the street
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Laminate, Terrazzo, Wood
  • Living Area: 2234.0

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421150990050
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: MF-30(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 35048.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 16312.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 6803.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Jun 9, 2021
Sold by
Antoncic Bryan and Haag Jessica
Bought by
South Palmway Rental Llc
Seller's Agent
Alexandra Herrick
Compass Florida LLC
Buyer's Agent
Daniel Hampson
Sutter & Nugent LLC
List Price
$659,000
Sold Price
$635,000
Premium/Discount to List
-$24,000
-3.64%
Current Estimated Value
$821,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,152
Avg. Annual Appreciation
8.32%
Original Mortgage
$476,250
Outstanding Balance
$434,626
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$450,180

Purchase Details

Listed on
Feb 17, 2021
Closed on
May 24, 2021
Sold by
Swan Sisters Llc
Bought by
Antoncic Bryan and Haag Jessica
Seller's Agent
Alexandra Herrick
Compass Florida LLC
Buyer's Agent
Daniel Hampson
Sutter & Nugent LLC
List Price
$659,000
Sold Price
$635,000
Premium/Discount to List
-$24,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Outstanding Balance
$434,626
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$450,180

Purchase Details

Listed on
Oct 17, 2017
Closed on
Dec 19, 2017
Sold by
214 S Palmway Llc
Bought by
Swan Sisters Llc
Seller's Agent
Alexis Shapiro
MRG Associates LLC
Buyer's Agent
Maribel De La Rocha
LAER Realty Partners Bowen/Wellington
List Price
$495,000
Sold Price
$460,000
Premium/Discount to List
-$35,000
-7.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%

Purchase Details

Closed on
Mar 27, 2015
Sold by
Leischwitz Christoph
Bought by
14 S Palmway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 5, 1999
Sold by
Caruso John and Caruso Linda
Bought by
Leischwitz Dieter

Purchase Details

Closed on
Jan 9, 1998
Sold by
Plunkett Alberta and Public Guardian Nad Trustee
Bought by
Caruso John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Home in Lake Worth, FL

  • 7532 Deuce Ln, Lake Worth, FL 33467

    $412,900

    • 3 Beds
    • 2 Baths
    • 1,740 Sq Ft
    • 7532 Deuce Ln
    • Lake Worth, FL

    WILLOW BEND , LAKE WORTH. ALL AGES---SPACIOUS 1700+ SQ FT VILLA---3 BEDROOMS----MASTER HAS 6X6 WALK IN CLOSET---2 BATHS --WITH YARD AND WATER VIEWS----- LANDSCAPED FOR PRIVACY---WHOLE HOUSE GENERATOR-----NEW AC IN 2024 WITH HUMIDIFIER-----SCREENED GUTTER SYSTEM-----IMPACT WINDOWS-----ALL APPLIANCES WITH NEW WASHER 2024---------2 PATIO AREAS FRONT AND REAR------SMALL PETS OK UNDER 25 LBS-----NO

    Peter Masiello Liguori Homes & Investments In

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Warranty Deed $635,000 Attorney
Warranty Deed $460,000 Attorney
Warranty Deed $244,000 Title Solutions Agency Llc
Warranty Deed $149,000 --
Quit Claim Deed $100 --
Deed $83,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $476,250 New Conventional
Closed $476,250 New Conventional
Previous Owner $341,250 New Conventional
Previous Owner $275,000 Commercial
Previous Owner $250,000 Balloon
Previous Owner $187,000 Unknown
Previous Owner $73,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 For Rent $1,500 -3.2% --
12/06/2021 12/06/21 Rented $1,550 +14.8% --
09/02/2021 09/02/21 For Rent $1,350 0.0% --
09/02/2021 09/02/21 Rented $1,350 0.0% --
05/25/2021 05/25/21 Sold $635,000 -3.6% $284 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $659,000 +43.3% $295 / Sq Ft
12/19/2017 12/19/17 Sold $460,000 -7.1% $206 / Sq Ft
11/19/2017 11/19/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $495,000 -- $222 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,126 $593,810 -- --
2023 $14,992 $594,067 $285,423 $308,644
2022 $14,334 $557,471 $0 $0
2021 $10,049 $357,872 $137,750 $220,122
2020 $10,862 $395,751 $220,000 $175,751
2019 $10,344 $398,297 $220,000 $178,297
2018 $9,077 $320,311 $187,110 $133,201
2017 $7,278 $241,863 $138,600 $103,263
2016 $6,803 $224,164 $0 $0
2015 $6,158 $181,484 $0 $0
2014 $5,894 $164,985 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10373947

BeachesMLS

APN: 38-43-44-21-15-099-0050